Creating an Effective Practice Budget for 2014
With the year coming to a close, it’s time to start planning for 2014. And perhaps the most important step in the planning process is creating a viable practice budget. A well thought out budget serves as a year-long guide to increasing profits. Yet, some practices don’t budget at all, while others do and simply […]
How EHR Replacement is Like Applying to Med School
The thrill of opening your first medical school acceptance letter was probably indescribable. Applying to medical schools can be a trying ordeal. Not only do you have to graduate from college with high marks just to have a shot at being accepted anywhere, but then you have to spend countless hours studying for the dreaded […]
Weekly Checkup: November 11-15
This week, we achieved yet another milestone at Power Your Practice: our 600th article! Our celebration involved a few congratulatory pats on the back and plenty of pounding away on the keyboard trying to get to post 601. We’d like to thank all of our readers for continuing to turn to PYP as their health IT […]
Is mHealth For Everyone?
By most accounts, the booming mHealth market is a blessing for patients wanting an easier way to access medical information. However, it may surprise you that not all patient groups are taking advantage of this convenient source of health knowledge. According to a healthcare research group Manhattan Research’s 2013 Cybercitizen Health U.S. study, patients suffering […]
The Keys to EHR Usability
According to the Practice Profitability Index, a survey of more than 5,000 medical providers, 25% of U.S. physicians are looking to replace their current EHR. This harrowing statistic may be a sign that some EHRs just aren’t performing up to par. The reality is many lackluster EHRs have sloppy user interfaces that aren’t acceptable by […]
Don’t Let CPOE Keep You From Meaningful Use Incentives
Even though computerized provider order entry (CPOE) requirements are the first core objectives listed for both Meaningful Use Stages 1 and 2, only 14.6% of healthcare providers had a CPOE support system in place as of 2013. Perhaps the reasoning behind such low usage is the perceived difficulty of achieving CPOE core objectives. While Stage […]
The Medical Device Tax: Friend or Foe to Healthcare?
Over the past few months, network news programs have been inundated with politicians squabbling over the pros and cons of the Affordable Care Act (ACA). While Democrats tout the law as the savior of the American healthcare system, Republicans denounce it as the most burdensome piece of legislation ever to pass through the halls of […]
Improve Collections with Patient-Friendly Billing Techniques
When patients don’t pay their medical bills, maintaining a profitable medical practice can be extremely difficult. To help physicians achieve billing success, the Healthcare Financial Management Association (HFMA) has developed a list of best practices for healthcare providers to follow when communicating with patients about paying their medical bills.
One Health System’s Strategy for Early ICD-10 Adoption
The high frequency of errors seen during HIMSS’ ICD-10 test pilot program indicates physicians have a long way to go before October’s big transition date. Perhaps the best way to ensure October 1 doesn’t bring chaos to your practice is by adopting ICD-10 into your workflow early. Sutter Health, a large not-for-profit health system in […]
Infographic: Leaks in the Claims Process
Is there another process more complex than the medical claims cycle? It seems built to make it difficult for practices to get paid. Luckily, CareCloud’s latest infographic shows you where in the cycle physicians are losing money, so you can target the leaks and improve your bottom line.